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Why CEOs Don't Owe Shareholders a Return on Market

yuhong (1378501) writes | more than 4 years ago

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yuhong writes "HBR has an article on the problems of the quarterly earnings game based on meeting expectations set by Wall Street. It uses Cisco as an example and says that "Trying to raise expectations indefinitely is not only impossible, it's positively damaging." and that " The fact is, despite their belief to the contrary, neither boards nor management actually owe public shareholders an attractive return on the market value of the stock they purchased.""
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